Tomas Hedström appointed as new CFO
PA Resources AB has appointed Tomas Hedström as its new Chief Financial Officer (CFO). Tomas Hedström has broad international experience in accounting and finance from listed companies and will be a member of PA Resources' Group Management.
Tomas Hedström joins PA Resources from his position most recently as CFO of Rottneros AB. Prior to that, he served in several positions at SCA, with sales of more than SEK 100 billion and 50,000 employees, most recently as Senior Vice President Finance. Tomas has a long record of international experience both in accounting and finance as well as from operational positions in the UK, Belgium and the USA. He will assume his duties as CFO by 1 August 2013 at the latest.
"I look forward to working with Tomas," comments Bo Askvik, President and CEO of PA Resources. "His broad international experience in financial reporting, control, finance, capital rationalisation and mergers & acquisitions, combined with operational responsibility, make him a valuable addition to PA Resources' continued development. I am very pleased to welcome Tomas to PA Resources in connection with the Company's now completed recapitalisation."
Stockholm, 6 February 2013
PA Resources AB (publ)
For queries, please contact:
Bo Askvik, President and CEO, PA Resources
+46 8 545 211 50
PA Resources AB (publ) is an international oil and gas group which conducts exploration, development and production of oil and gas assets. The Group operates in Tunisia, the Republic of Congo (Brazzaville), Equatorial Guinea, the United Kingdom, Denmark, Greenland, the Netherlands and Germany. PA Resources is producing oil in West Africa and North Africa. The parent company is located in Stockholm, Sweden. PA Resources’ net sales amounted to SEK 2,184 million in 2012. The company is listed on NASDAQ OMX in Stockholm, Sweden. For additional information, please visit www.paresources.se.
The above information has been made public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 08.20 CET am on 6 February 2013.